Latest news with #RM22.9mil
The Star
30-07-2025
- Business
- The Star
BIG Industries in RM23mil acquisition
PETALING JAYA: BIG Industries Bhd is acquiring an air separation unit (ASU) from Pure Gas Engineering Sdn Bhd (PGE) for RM22.9mil. In a filing with Bursa Malaysia, the industrial gases manufacturer said the ASU is for its branch at the Samalaju Industrial Park in Bintulu, Sarawak. BIG said PGE will undertake the design, supply, delivery, installation, testing, commissioning and training for the ASU with a production capacity of 60 tonnes per day. BIG said it already had an existing ASU in Kuching, Sarawak. 'The purchase is not expected to have a significant effect on the earnings and net assets per share for the financial year ending June 30, 2026,' the firm said.
The Star
30-07-2025
- Business
- The Star
B.I.G. Industries acquires air separation unit for RM23mil
PETALING JAYA: B.I.G. Industries Bhd (BIG) is acquiring an air separation unit (ASU) from Pure Gas Engineering Sdn Bhd (PGE) for RM22.9mil. In a filing with Bursa Malaysia, the industrial gases manufacturer said the ASU is for its branch at the Samalaju Industrial Park in Bintulu, Sarawak. BIG said PGE will undertake the design, supply, delivery, installation, testing, commissioning and training for the ASU with a production capacity of 60 tonnes per day. BIG said it already has an existing ASU in Kuching, Sarawak. 'The purchase will increase the existing production capacity, improve operational efficiency and is a strategic integration with industries within the vicinity of Bintulu and Samalaju Industrial Park. 'The purchase is not expected to have a significant effect on the earnings and net assets per share for the financial year ending June 30, 2026.' However, BIG said the purchase is expected to contribute positively to the future earnings of the company.
The Star
27-05-2025
- Business
- The Star
TMK Chemical first-quarter earnings at RM21mil
PETALING JAYA: TMK Chemical Bhd is staying cautious over its outlook for this year, saying that its performance may be influenced by several key challenges, including the impact of policies from the United States that affect global trade and international relations. The group said these factors are expected to contribute to volatility in the pricing of inorganic chemicals across both domestic and international markets. Releasing its results for the first quarter ended March (1Q25) yesterday, TMK posted a net profit of RM20.8mil on the back of a revenue of RM258mil. TMK provides a range of chemical manufacturing, distribution, storage and logistics services. As the group was only listed on the Main Market of Bursa Malaysia last Dec 12, there was no corresponding year-on-year quarter with which to compare its performance, although the group did report that its total chemical-management segment accounted for 98.6% of the quarterly turnover. Compared with the preceding three months ended Dec 31 (4Q24), net profit saw a 9.2% dip from RM22.9mil, as revenue declined by 12.2%. TMK pointed to lower sales volumes during 1Q25 as primary reason for the decrease. The group's earnings per share for 1Q25 stood at 2.08 sen. In a filing with Bursa Malaysia, TMK said additional challenges going forward include fluctuating market demand and supply conditions, ongoing global geopolitical conflict, recessionary risks, and exchange rate fluctuations involving the US dollar, Singapore dollar, and the Vietnamese dong. 'The group also faces intense market competition. In response, we remain committed to enhancing productivity and strengthening supply chain resilience to better withstand these external, uncontrollable factors,' TMK said in its filing.
